The Credit Roundtable Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 834087373 ✦ Fairfield, CT ✦ Designated as a 501(c)(6)

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Overview

What is The Credit Roundtable Association?

The Credit Roundtable Association (CRT) is a membership organization based in Tarrytown, New York. Its primary goal is to enhance protections for bondholders in the institutional market. CRT achieves this through various means, such as education, outreach, and advocacy. They educate investors, issuers, underwriters, regulators, and other market participants about the importance of bondholder covenant protections and advocate for their inclusion and standardization in bond indentures. Additionally, CRT identifies and promotes improvements to the new issue bond underwriting and distribution process, enhances the bond tender/exchange and consent process, and promotes improvements in disclosure and transparency. They also pursue lawful activities to further their mission and exercise the powers afforded to nonprofit corporations in the State of DE. CRT conducts regular meetings, collaborates on tasks forces and bondholder groups, and participates in comment letters, white papers, and surveys on behalf of its members and the broader institutional investor community.


Official website here: www.thecreditroundtable.org

Is The Credit Roundtable Association legitimate?

The Credit Roundtable Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Credit Roundtable Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thecreditroundtable.org

What is the mission statement of The Credit Roundtable Association?

The Credit Roundtable Association (CRT) serves as a membership organization, with a mission to strengthen bondholder protections. They accomplish this through various means, such as education, outreach, and advocacy. The association focuses on improving general business conditions in the institutional bond market. This involves educating various market participants about the importance of bondholder covenant protections and advocating for their inclusion, standardization, and preservation in bond indentures. Additionally, CRT identifies and advocates for improvements in the new issue bond underwriting and distribution process, enhances the bond tender/exchange and consent process, and promotes improvements in disclosure and transparency. The association is also open to pursuing any lawful activities that further its mission.


Official website here: www.thecreditroundtable.org

What is the revenue of The Credit Roundtable Association?

The Credit Roundtable Association's revenue in 2024 was $212,741.


Official website here: www.thecreditroundtable.org

Who are the executives of The Credit Roundtable Association and what are their salaries?

Here are 12 key members and their salaries:


Chris Gootkind (Outgoing Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gabe Crump (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Godfrey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Malfant (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Brekke (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Rowland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Gold (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christi Kubiak (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Kremer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Padulo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Omar Sanders (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou Zahorak (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thecreditroundtable.org

Where can I find the form 990 for The Credit Roundtable Association?

The Credit Roundtable Association's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.thecreditroundtable.org

Learn more at the official website: www.thecreditroundtable.org

Mission Statement of The Credit Roundtable Association

The Credit Roundtable Association, a nonprofit organization, is dedicated to enhancing bondholder protections through various means. Its mission is centered around education, outreach, and advocacy, with a focus on improving general business conditions in the institutional bond market. The association strives to educate various market participants, including investors, issuers, underwriters, regulators, and others, about the importance of bondholder covenant protections. It advocates for the inclusion, standardization, and preservation of these protections in bond indentures.

In addition to education, The Credit Roundtable Association works towards identifying and advocating for improvements in the new issue bond underwriting and distribution process. It also implements enhancements to the bond tender/exchange and consent process, aiming to make these processes more efficient and effective. The association promotes improvements in disclosure and transparency, ensuring that market participants have access to necessary information. It pursues any lawful act or activity and exercises any powers afforded to nonprofit, nonstock corporations to further its mission. Ultimately, The Credit Roundtable Association's mission is to create a more secure and transparent institutional bond market, benefiting both investors and issuers alike.

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Impact




October, 2024

The Credit Roundtable Association (CRT) plays a significant role in enhancing bondholder protections and improving the conditions within the institutional bond market. Through education, outreach, and advocacy, CRT works to raise awareness among investors, issuers, underwriters, regulators, and other key market participants about the importance of bondholder covenant protections. By promoting the inclusion, standardization, and preservation of these protections in bond indentures, CRT helps create a more secure environment for bondholders.

Additionally, CRT identifies and advocates for improvements in the new issue bond underwriting and distribution process, ensuring that members benefit from an efficient and transparent marketplace. The association also focuses on enhancements to the bond tender/exchange and consent process, thereby simplifying procedures and making transactions smoother for all parties involved.

The organization actively fosters transparency and disclosure improvements, which are critical in maintaining trust and integrity in the bond market. CRT engages its members through monthly conference calls, in-person meetings with regulators, and two annual conferences, providing a platform for collaboration and discussion around pressing issues facing bondholders.

Moreover, CRT's involvement in drafting comment letters, white papers, and conducting surveys showcases its commitment to representing both its members and the broader institutional investor community. By pooling resources and knowledge, members can effectively tackle challenges and promote best practices, thereby contributing to the overall stability and improvement of the bond market.




This information is meant to be a general summary of The Credit Roundtable Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$212,741 (2024)
Expenses
$186,443 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $22,741
  • Program Service Revenue: $190,000
  • Gross Receipts: $212,741

Assets and Liabilities:

  • Total Assets: $462,319
  • Total Liabilities: $32,892
  • Net Assets: $429,427

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues & Assessments

Revenue

$190,000

Organization Details

Principal Officer

Marc Kremer

NTEE Category

Code: S41 - Community improvement

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